1503 Travel Way, Sevierville, TN 37862 (MLS# 1186349)

1503 Travel Way, Sevierville, TN 37862

$1,850,000
Property Type: Multi-Family Square Footage: 16,310 Lot Size (sq. ft.): 217,800 Status: Closed
Current Price: $1,850,000 List Date: 4/04/2022 Last Modified: 6/28/2022

Overview

Description

First time on the market! 26-unit property on 5 acres with value-add opportunities & million-dollar views! Well-located in Sevier County, close to all the jobs in Pigeon Forge and Sevierville and surrounded by high-end homes. This offering includes 2 separate parcels nearly adjacent to each other. The Travel Way parcel contains the Seller's 3-BR home (completed 1982), a mixed-use building with a coin laundry, office, workshop, a 2-BR apt (built ~1996), a two car garage plus 12 units (small and affordable) in 4 triplexes (built between 1994 and1997). The Flatwood Rd parcel, just a few lots over, also contains 4 triplexes of similar age, a huge barn and potential to build three more units. Each parcel contains 2.5 acres. Lots of potential for rent increase.

Listing Details MLS# 1186349

Location Tax Legal Info

House #
1503
Street Name
Travel
St Suffix
Way
State/Province
TN
Zip Code
37862
PIN #
062 092.07 001

Contract Info

Auction Y/N
No
Listing Price
2100000

General Property Description

SqFt - Total (Aprox)
16310
Lot Dimensions
600x616xIRREG
Lot Size SqFt
217800
Number of Units
26
Utilities/Mo Avg
90
Year Built
1982
Property Status
N/A
Driveway
GRAVEL
Lease Information
23 units are rented

Status Change Info

Status Change Date
2022-06-28
Under Contract Date
2022-04-18
Sold Date
2022-06-27

IncomeExpenses

Net Operating Income
116308

More Information

Property Features

Property Sub-Type: Apartment Type of Units: 1 Bedroom Unit; 3 or more Bdrm Units; Unfurnished Sale Includes: Building and Land Floors: Laminate; Vinyl Tenant Expenses: Electricity; Gas Owner Expenses: Common Area Maintenance; Insurance; Taxes; Trash Collection Fuel: Electric; Gas (Natural) Heat: Baseboard; Central; Other Cooling: Central Cooling; Wall Cooling Appliances: Range; Refrigerator Construction: Frame Roof: Composition Siding: Other Misc Features: None Other Rooms: Mstr Bdrm Main Level Miscellaneous: Coin Laundry New Financing: New Loan Showing: See Agent Instructns

Documents

IDX
Listing Office: Goldman Partners Realty, LLC
Last Updated: June - 28 - 2022
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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